Ex-ASI rates trio 'investing without a straitjacket' at Pacific AM

Managers on newfound 'flexibility' at new firm

Former Aberdeen Standard Investments (ASI) G10 macro rates team Shayne Dunlap, Richard Marshall and Oleg Gustap were "trading inside a straitjacket" with their former employer and have embraced new found flexibility with Pacific Asset Management to outperform through recent market turmoil, the trio have said.

Investment directors Dunlap and Marshall, who ran a proprietary strategy together for Japanese bank Mizuho before joining ASI, and portfolio manager Gustap joined Pacific in September 2018, launching the Pacific G10 Macro Rates fund in early 2019.  Geographically, the fund focuses on the G10 nations and invests in liquid instruments, such as interest rate swaps, inflation products, derivatives and futures, and has a maximum FX exposure of 20%. It generally holds 20 to 30 positions at any given time. Speaking to Investment Week, Marshall said that while the trio had "learned a lot" dur...